Section 192 – TDS on Salary
What is Salary? Salary include Wages, Annuity or Pension, Gratuity and others as per Section 17(i). It also includes Perquisites as per Section 17(ii) and Profit in lieu of Salary as per Section 17(iii) Tax Deduction (TDS) under section 192 No specific TDS rate is specified, however, the deduction is as per the income tax…